21 April 2016
Tern Plc (AIM:TERN), the investment company specialising in the cloud and mobile sectors, announces that it was advised today that Bruce Leith transferred a total of 300,000 Tern Ordinary Shares of 0.02p each to his children, each of whom are over the age of eighteen years old, at nil cost.
Bruce Leith's beneficial interest following this transaction is 5,957,233 ordinary shares, representing approximately 8.3 of the issued share capital.
|Tern plc||Tel: 07973 561 232|
|WH Ireland NOMAD and Broker||Tel: 0117 945 3471|
|Peterhouse Corporate Finance (Joint broker)||Tel: 020 7469 0936|
|Lucy Williams / Duncan Vasey|
Tern Plc acquires and invests in privately owned companies with self-owned IP, established products and customer bases. Its investment strategy is focused on taking an active role in its investee companies in order to improve the business model, accelerate growth, expand the business globally, and identify exit opportunities.